Disney Cuts Streaming Loss, Takes $2.4B Charge For DTC Content Purge In Mixed June Quarter; Bob Iger Sees Cost Savings Topping $5.5B Target ...Middle East

Disney saw direct-to-consumer losses shrink and adjusted EPS top estimates for the three months ended in June as CEO Bob Iger said the company’s on track to exceed $5.5 billion in anticipated cost savings. Total revenue of $22.3 billion (down 2%) was shy of forecasts. Linear television was softer — a trend Iger called out […]

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